Perth - North West Property Market & Development Rates — May 2026 | Suburbtrends

Perth - North West Property Market: Prices, Vacancy & Trends

As of May 2026, median house prices across the Perth - North West SA4 range from $890,000 (Wanneroo) to $1,250,000 (Joondalup). The stock-weighted rental vacancy rate is 6.2%, ranging from 5.8% in Stirling to 6.9% in Joondalup. Top median house rent is $1300/week in Iluka - Burns Beach.

Source: Suburbtrends, 12-month rolling medians · Updated monthly
$1.25M
Joondalup median house
$1.23M
Stirling median house
+22.5%
Top SA3 growth (Joondalup)
6.2%
SA4 vacancy (weighted)
$1300/wk
Top house rent (Iluka - Burns Beach)
2,419
Houses listed for sale

What is the median house price in the Perth - North West?

Median house prices across the Perth - North West's SA3 markets span $890,000 to $1,250,000, with Joondalup the most expensive market and Wanneroo the most affordable.

SA3 house markets, Perth - North West — 12 months to May 2026
SA3 marketMedian house12-mth changeMedian unitDays on market
Joondalup$1,250,000+22.5%$775,00039
Stirling$1,230,000+15.5%$785,00037
Wanneroo$890,000+18.4%$710,00036
Listings on market by SA3 — for sale and for rent, current month
SA3 marketHouses for saleHouses for rentUnits for saleUnits for rent
Wanneroo1,2632573710
Stirling70519718584
Joondalup4511073512

Listings counts are the current-month average of properties advertised for sale or rent. Unit stock can be thin in regional markets — some SA2 unit markets carry only a handful of active listings at any time.

SA2 median prices, houses and units — 12 months to May 2026
SA2 areaSA3House medianHouse 12-mthUnit median
Trigg - North Beach - Watermans Bay Stirling$2,670,000
Wembley Downs - Churchlands - WoodlandsStirling$2,080,000+8.1%$855,000
Sorrento - MarmionJoondalup$2,000,000+11.1%$850,000
ScarboroughStirling$1,749,000+33.5%$870,000
HillarysJoondalup$1,728,000+15.2%
Karrinyup - Gwelup - CarineStirling$1,690,000+11.2%$1,268,000
Iluka - Burns BeachJoondalup$1,600,000+9.6%
Mullaloo - KallarooJoondalup$1,500,000+18.6%
Ocean ReefJoondalup$1,480,000+15.6%
Stirling - Osborne ParkStirling$1,440,000+8.7%$590,000
Carabooda - Pinjar Wanneroo$1,402,600
Yokine - Coolbinia - MenoraStirling$1,401,500+3.8%$768,000
DuncraigJoondalup$1,400,000+11.6%
Woodvale Joondalup$1,350,000
Innaloo - DoubleviewStirling$1,343,000+11.9%$975,000
Tuart Hill - Joondanna Stirling$1,300,000$760,000
PadburyJoondalup$1,262,500+26.9%
Dianella - NorthStirling$1,250,000+17.7%$799,000
KingsleyJoondalup$1,240,000+21.6%
LandsdaleWanneroo$1,180,000+24.2%
Madeley - DarchWanneroo$1,180,000+18.0%
Dianella - SouthStirling$1,151,200+19.3%$812,500
Mindarie - Quinns Rocks - JindaleeWanneroo$1,120,000+21.7%$895,000
Greenwood - WarwickJoondalup$1,100,000+22.2%
Balcatta - HamersleyStirling$1,090,000+11.8%$800,000
Currambine - KinrossJoondalup$1,050,000+16.7%$727,000
Joondalup - EdgewaterJoondalup$1,025,000+16.5%$635,000
Craigie - BeldonJoondalup$1,008,000+18.6%$785,000
Heathridge - ConnollyJoondalup$995,000+18.5%
Tapping - Ashby - SinagraWanneroo$995,000+20.9%
Hocking - PearsallWanneroo$959,000+14.2%
MarangarooWanneroo$951,000+23.5%
Wanneroo - SinagraWanneroo$900,000+20.0%
CarramarWanneroo$870,000+16.0%
Alexander Heights - KoondoolaWanneroo$863,000+18.3%
ClarksonWanneroo$850,000+18.1%$675,500
Nollamara - WestminsterStirling$830,000+19.4%$770,000
Alkimos - EglintonWanneroo$810,000+15.7%
Butler - Merriwa - RidgewoodWanneroo$805,000+13.7%$650,000
GirrawheenWanneroo$800,000+21.2%$605,500
YanchepWanneroo$780,000+11.6%
Two RocksWanneroo$775,000+21.6%
Balga - MirrabookaStirling$773,000+15.4%$670,000

† Thin market: fewer than 40 sales in 12 months, or a distorted price mix — medians are volatile and 12-month changes are not reported. A dash indicates too few unit sales to report a reliable median.

Which Perth - North West areas are growing fastest?

Among SA2 areas with robust sales volumes, the strongest 12-month house price growth to May 2026 was Scarborough +33.5%, Padbury +26.9%, Landsdale +24.2%, Marangaroo +23.5%, Greenwood - Warwick +22.2%.

What is the rental vacancy rate in the Perth - North West?

The stock-weighted rental vacancy rate across the Perth - North West SA4 is 6.2% as at May 2026. Conditions range from 5.8% in Stirling to 6.9% in Joondalup.

Rental vacancy by SA3, rolling 3-month rate — trailing 6 months
SA3 marketDec 25Jan 26Feb 26Mar 26Apr 26May 26Rental stock
Stirling4.4%4.6%5.0%5.2%5.6%5.8%1,240
Wanneroo4.6%5.3%7.0%6.6%5.8%6.3%1,141
Joondalup6.3%5.2%5.5%5.2%6.7%6.9%504

Suburbtrends Vacancy Index methodology: vacant rental listings as a share of total rental stock, rolling 3-month basis. SA4 weighted rate uses current rental stock weights.

What are the rents in the Perth - North West?

Median house rents across the Perth - North West run to $1300/week in Iluka - Burns Beach at the top of the region. Unit rents typically sit below houses; bedroom splits below show where stock supports a reading.

House rents by SA2 — weekly median and bedroom splits, 12 months to May 2026
SA2 areaMedian2-bed3-bed4-bed
Iluka - Burns Beach$1300$770$980$1350
Sorrento - Marmion$1100$620$900$1300
Wembley Downs - Churchlands - Woodlands$1100$670$950$1350
Trigg - North Beach - Watermans Bay$990$750$1000$1200
Ocean Reef$980$650$820$1100
Karrinyup - Gwelup - Carine$950$675$850$1200
Scarborough$950$750$950$1300
Hillarys$900$695$775$1000
Mullaloo - Kallaroo$900$660$800$980
Landsdale$870$765$880
Duncraig$850$600$800$980
Woodvale$850$800$950
Innaloo - Doubleview$850$700$840$1200
Stirling - Osborne Park$825$600$800$1100
Kingsley$810$550$750$880
Currambine - Kinross$800$670$720$850
Yokine - Coolbinia - Menora$800$650$780$1000
Mindarie - Quinns Rocks - Jindalee$800$530$710$850
Tapping - Ashby - Sinagra$800$700$825
Madeley - Darch$800$750$750$900
Greenwood - Warwick$780$620$750$800
Dianella - North$775$650$750$950
Balcatta - Hamersley$770$640$750$900
Padbury$750$550$730$830
Osborne Park Industrial$750$820
Dianella - South$750$600$750$880
Carramar$750$640$690$770
Marangaroo$750$680$800
Hocking - Pearsall$750$450$700$800
Nollamara - Westminster$730$640$730$820
Craigie - Beldon$725$600$700$795
Tuart Hill - Joondanna$725$650$750$950
Heathridge - Connolly$720$650$700$850
Joondalup - Edgewater$720$650$700$800
Wanneroo - Sinagra$720$610$690$800
Alexander Heights - Koondoola$700$660$650$750
Clarkson$700$620$660$750
Balga - Mirrabooka$680$600$680$720
Alkimos - Eglinton$680$525$635$700
Butler - Merriwa - Ridgewood$675$550$640$720
Girrawheen$650$620$650$720
Carabooda - Pinjar$650$650
Yanchep$650$500$600$650
Two Rocks$600$500$590$630
Unit rents by SA2 — weekly, where stock supports a reading, 12 months to May 2026
SA2 areaMedian2-bed3-bed
Hillarys$850$770$1000
Karrinyup - Gwelup - Carine$830$830$800
Innaloo - Doubleview$780$740$820
Landsdale$770$770
Greenwood - Warwick$750$600$800
Heathridge - Connolly$750$650$770
Scarborough$750$725$900
Alexander Heights - Koondoola$750$750$750
Woodvale$740$650$750
Sorrento - Marmion$735$780$800
Duncraig$730$730$800
Osborne Park Industrial$730$795
Nollamara - Westminster$720$650$750
Balcatta - Hamersley$710$675$730
Trigg - North Beach - Watermans Bay$700$700$950
Carramar$700$720
Marangaroo$700$700
Mindarie - Quinns Rocks - Jindalee$700$630$800
Madeley - Darch$700$700$695
Wanneroo - Sinagra$700$500$705
Balga - Mirrabooka$695$655$700
Craigie - Beldon$680$600$680
Padbury$680$680
Ocean Reef$675$800
Currambine - Kinross$650$600$690
Kingsley$650$675
Tuart Hill - Joondanna$650$640$750
Wembley Downs - Churchlands - Woodlands$650$650$850
Yokine - Coolbinia - Menora$650$600$750
Dianella - South$650$600$690
Hocking - Pearsall$650$650
Mullaloo - Kallaroo$640$640$750
Alkimos - Eglinton$630$550$650
Joondalup - Edgewater$620$650$700
Clarkson$620$600$680
Girrawheen$610$620
Stirling - Osborne Park$595$610$780
Dianella - North$590$600
Iluka - Burns Beach$550$1000
Tapping - Ashby - Sinagra$530$423$675
Yanchep$525$510$575
Butler - Merriwa - Ridgewood$500$550$650
Two Rocks$500$500

Rents are median advertised asking rents over 12 months. Bedroom splits are reported where enough listings support a reading; a dash indicates too few. Unit rents are shown only for SA2s with sufficient rental stock.

For developers & lenders Suburbtrends is building Development Rates for the Perth - North West — new-build sale, land and construction rates per sqm by SA2, with traced site purchases and MCG-prepared cost bands. Join the waitlist →

How this data is compiled

Suburbtrends compiles transaction, listings and rental records monthly across every SA2, SA3 and SA4 in Australia. Medians and percentiles are calculated on a 12-month rolling basis; vacancy follows the Suburbtrends Vacancy Index methodology (vacant rental listings as a share of total rental stock, rolling 3 months). Development Rates covers completed strata projects of 4–40 dwellings, with each project's site purchase traced through the title record to derive the land component. Thin markets are flagged and 12-month changes suppressed where sample sizes do not support them. Boundaries follow the ABS ASGS Edition 3. This page was last updated with data to May 2026, and is refreshed in the first week of every month.

Kent Lardner, Head of Research at Suburbtrends
Kent Lardner
Head of Research, Suburbtrends · 30+ years in property data analytics

Kent's research is regularly cited in the Australian Financial Review, news.com.au and industry media. He previously led data science teams at major property data firms and founded Suburbtrends to publish independent, suburb-level market research. Full profile and press citations →

© 2026 Suburbtrends · Independent Australian property research · Market data on this page may be cited with attribution to Suburbtrends and a link to this URL. Development Rates figures shown are headline regional rates; figures are estimates derived from transaction and title records and do not constitute financial advice.